Time period given by analyst is Intra Day when Mahindra & Mahindra Ltd. price can reach defined target.
Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 96900.64 Crore) operating in Auto sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 19368.16 Crore, down -11.04 % from last quarter Total Income of Rs 21770.81 Crore and up 17.24 % from last year same quarter Total Income of Rs 16520.12 Crore. Company reported net profit after tax of Rs -748.67 Crore in latest quarter.
Investment Rationale
The stock is on the verge of a breakout from a narrow consolidation phase suggesting bullishness building up Further, prices are ginning up on good volumes. Technical indicator RSI has turned upwards after taking support at the 40 level suggesting strength in the stock.
Promoter/FII Holdings
Promoters held 18.9 per cent stake in the company as of March 31, 2021, while FIIs held 44.7 per cent, DIIs 26.8 per cent and public and others 9.6 per cent.
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